Bad accounting? Records are a mess? Well, it’s going to cost you. Yep, just like everything else in business there is an opportunity cost to doing things badly. I am approached all the time and people ask me right off what it’s going to cost for us to do their accounting and I [...]
Year after year this is a question that I wonder about. As a service company we obviously think about retention of current customers. Marketers and consultants use the lifetime value of a customer as a reason to try to keep all the customers you currently have. It’s a simple calculation. Amount you are paid annually [...]
Article Highlights: Pay-as-you-go tax system Tax law changes affecting estimates Underpayment penalties Safe harbor estimates Our tax system is a “pay-as-you-go” system, and if your pre-paid amount is not enough, you become liable for non-deductible interest penalties. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-go” requirement. [...]
How does one combine the three traits of Strategy, Creativity and Heart? Well, here are just a few ideas on how and what you need to think about when trying to be creatively strategic in your pursuit of greatness. Identify right from wrong This is sometimes a little gray for some folks. We want to [...]
Whoever said that business is business and not personal got it way wrong! I am being bold and saying business can down right hurt sometimes. Oh yeah, we are talking painful and hard. I am talking about the crying at your desk with a hundred tissues kind of cry. They actually have emoji’s for this [...]
I know you have heard of it. It’s a dark shadow hanging out in the corners of every company. Have you thought about how to be more creative but too scared to mention it because maybe if you step outside of the lines you will either go to jail or lose all self-respect. Creative Accounting [...]
This is a term that is thrown around all the time. Strategy. Strategic Planning. What is it? What does it mean to be strategic or to do strategic planning. It may seem logical to some but so many business owners think they know what they are doing but when you ask for their strategic plan [...]
Back in December, I was invited to attend the AICPA first ever task force for the NextGen CPA Firm. It was my first trip ever to Raleigh, North Carolina which if you know me, I love to travel. I didn't get much time to sightsee. It was a quick trip. On the way there I [...]
So, by now, you are feeling the relief of knowing that your taxes are done, right? Well, maybe some of you are feeling relieved. Some of you are still not happy as the 2013 tax increases hit you harder than expected. Tax season is always a time to reflect on what you did last year [...]
If you have been procrastinating on filing your 2013 tax return or have other prior year returns that have not been filed, you should consider the consequences. The April 15 due date for the 2013 returns is just around the corner. That is also the last day to file a 2010 return and be able [...]